May 2016 Retail Sales Publication

RETAIL SALES INDEX
May 2016
RETAIL SALES FELL 1.4 PER CENT

Retail sales in May 2016 decreased 1.4 per cent
below the $97.9 million recorded in May 2015.
Four of the seven sectors experienced decreases
in sales revenue. Apparel stores registered the
largest loss in sales receipts of 7.3 per cent. Motor
vehicle stores recorded the largest increase in
sales of 13.0 per cent.
Returning residents declared overseas purchases
valued at $5.4 million, which was 3.6 per cent

lower than May 2015. This contributed to a combined local and overseas spending of $101.9 million.
After adjusting for the annual retail sales rate of
inflation, measured at 1.4 per cent in May, the
volume of retail sales decreased 3.0 per cent.
Excluding Sundays, there were 25 shopping days
during the month, the same as May 2015.
SUMMARY STATISTICS
The Retail Sales
Index (RSI) is
Annual % Change in
currently based on
Total
Retail Sales
Total
a matched sample
Retail
Retail
Sales
Sales
of reporting retail
Value
Estimate
Value
stores. The sales
Volume
Period
Index
($M)
data are collected
2015
from these stores
R
May
104.9
+0.5
-0.1
97.9
through a monthly
Jun
107.9
+7.8
+6.6
100.7
mail survey. The
Jul
108.8
+2.4
+1.4
101.5
Department of
Aug
98.4
+6.6
+6.3
91.8
Statistics wishes to
Sep
97.0
+5.4
+5.5
90.5
Oct
102.7
+7.0
+6.9
95.8
acknowledge the
Nov
98.3
+2.1
+1.8
91.7
continuous support
Dec
119.1
+3.0
+0.7
111.1
of the business
2016
community in
Jan
91.3
+4.5
+2.3
85.2
supplying the
Feb
88.1
+6.8
+5.3
82.2
98.6
+4.9
+3.6
92.0
required sales data. Mar
Apr
May
98.9
103.4
+2.3
-1.4
+0.4
-3.0
92.2
96.5
Overseas Purchases
Declared by
Returning Residents
Value ($M) % Change
Combined
Retail Sales
(Local + Overseas)
Value
($M)
%
Change
5.6
4.3
4.6
6.7
4.6
4.2
6.5
6.8
+12.0
0.0
+2.2
+1.5
+4.5
-2.3
+8.3
-9.3
103.5
105.0
106.1
98.5
95.1
100.0
98.2
117.9
+2.3
+7.4
+2.3
+6.2
+5.4
+6.6
+2.5
+2.2
4.4
3.2
3.4
4.7
5.4
0.0
+6.7
-8.1
-6.0
-3.6
89.6
85.4
95.4
96.9
101.9
+4.2
+6.8
+4.4
+1.9
-1.5
DEPARTMENT OF STATISTICS
BERMUDA RETAIL SALES INDEX MAY 2016
Apparel Stores
0.6 per cent increase in the cost of fuel.
Sales revenue for apparel stores contracted 7.3

per cent in value terms and 6.1 per cent in volume terms. The decline reflected lower demand
for current inventory as well as lower tourist demand.
Building Material Stores

Receipts from the sale of building materials
increased 4.2 per cent year-over-year. The rise in
sales was linked to increased demand for construction supplies related to ongoing projects as
well as the availability of more inventory for
sale. When adjusted for inflation, the sales volume decreased 1.9 per cent.
Motor Vehicle Stores
Retail sales of motor vehicles were 13.0 per cent
higher than the level reached in May 2015. The
number of vehicles sold increased 14.5 per cent.
This increase reflected higher sales demand for
cars while cycle sales decreased.
All Other Store Types

Sales receipts for the all other store types sector
fell 6.1 per cent year-over-year. Gross receipts
for marine and boat suppliers decreased 36.6 per
cent due to less inventory available for sale and
fewer sales of large-ticket items. Lower tourist
demand was reported at tourist-related stores
which experienced a 3.5 per cent decline in sales.
Receipts for the sale of furniture, appliances and
electronics dropped 3.3 per cent. Pharmacies
reported a 1.4 per cent drop in gross receipts.
After factoring for inflation, the sales volume of
the all other store types category fell 7.8 per cent.
Food and Liquor Stores
Resident Purchases Overseas

Residents declared $5.4 million in overseas
purchases during the month compared to $5.6
million in declarations during May 2015.
Receipts from food sales weakened 1.5 per cent

while sales revenue for liquor stores decreased
1.2 per cent year-over-year. The sales volume of
food stores and liquor stores decreased 3.8 and
5.6 per cent respectively.
Service Stations
The value of fuel sales for service stations rose
3.3 per cent while volume sales increased 2.3 per
cent. The rise in revenue was due partly to the
Page 2
Table 1
Average Monthly Sales Value (1)
2015=100
Motor
Period
Building
Total
Food
Liquor
Vehicle
Service
Retail Stores
Stores (2)
Stores (3)
Stores
Stations
Material
Stores
Apparel
Stores
All Other
Store Types
2015
MayR
104.9
+0.5
105.1
+4.6
112.3
-3.0
88.7
-4.9
103.6
-5.9
112.1
+2.6
107.0
-2.6
107.4
+0.5
Jun
107.9
+7.8
101.8
+5.2
108.6
+1.8
106.9
+33.1
113.4
-1.0
99.6
+21.9
125.7
+6.2
110.6
+9.1
Jul
108.8
+2.4
107.9
+3.1
128.9
-0.6
114.4
+33.3
124.4
-3.3
76.6
-7.5
94.9
-4.1
109.6
-0.1
Aug
98.4
+6.6
98.8
+4.9
104.8
+0.1
89.9
+31.4
110.9
+4.5
80.7
+10.7
97.4
+6.6
98.0
+5.0
Sep
97.0
+5.4
98.8
+7.0
95.6
+3.0
91.3
+6.5
100.4
-4.5
90.4
-7.1
94.6
+4.6
96.8
+10.9
Oct
102.7
+7.0
103.6
+2.9
104.0
+0.3
108.2
+28.7
110.1
-2.7
97.8
-3.1
99.9
+43.1
97.8
+5.8
Nov
98.3
+2.1
96.0
-0.3
91.7
-1.5
93.4
+15.7
93.5
+0.9
99.0
+2.7
116.3
-1.4
99.9
+4.3
Dec
119.1
+3.0
108.4
+4.2
125.5
-0.4
109.8
+28.9
96.4
+7.1
88.9
-9.7
184.2
-2.9
130.3
-0.4
Jan
91.3
+4.5
99.4
+3.4
74.3
-1.3
110.4
+26.3
87.3
+6.2
91.3
-10.9
62.0
-3.1
86.4
+3.8
Feb
88.1
+6.8
93.2
+5.7
79.4
+4.4
111.5
+23.4
85.0 +10.5
94.9
-3.9
57.5
+1.4
84.6
+4.8
Mar
98.6
+4.9
103.5
+5.6
93.0
+6.9
104.8
+6.8
92.5
+0.8
118.1
+13.3
78.6
-4.3
96.0
+6.2
Apr
98.9
+2.3
100.6
+4.7
97.2
+7.0
115.2
-3.8
96.4
+4.4
113.4
+15.1
82.6
-3.7
95.5
-0.7
May
103.4
-1.4
103.5
-1.5
110.9
-1.2
100.2
+13.0
107.0
+3.3
116.8
+4.2
99.2
-7.3
100.9
-6.1
2016
Table 2
Average Monthly Sales Volume (1)
2015=100
Total
Period
Motor
Retail
Stores
Building
Food
Liquor
Vehicle
Service
Stores (2)
Stores (3)
Stores
Stations
Material
Stores
Apparel
Stores
All Other
Store Types
2015
MayR
105.0
-0.1
105.5
+1.2
112.3
-3.9
88.5
-4.2
102.5
+2.7
117.5
+1.2
106.1
-3.5
107.6
+0.2
Jun
107.0
+6.6
101.7
+1.2
108.7
+0.9
107.1
+35.6
105.1
+2.6
102.3
+20.3
125.7
+5.1
110.6
+9.0
Jul
107.7
+1.4
107.7
0.0
129.1
-1.3
114.0
+35.1
116.5
+0.8
78.7
-8.7
94.9
-4.8
109.5
-0.2
Aug
98.0
+6.3
98.2
+1.9
104.9
-0.7
90.1
+33.9
110.2 +13.0
82.0
+8.1
97.4
+5.8
97.9
+4.8
Sep
96.6
+5.5
98.3
+4.4
95.4
+1.9
91.4
+8.4
99.7
+3.3
91.8
-9.2
94.6
+3.8
96.8
+10.9
Oct
102.2
+6.9
102.8
+0.3
103.7
-0.9
108.4
+31.1
109.4
+2.1
99.4
-5.3
99.9
+42.9
97.8
+6.1
Nov
98.2
+1.8
95.9
-2.1
91.5
-2.5
94.4
+17.6
92.9
+1.2
100.6
+0.3
116.3
-1.5
99.8
+4.6
Dec
118.6
+0.7
108.7
+1.6
124.6
-1.8
111.1
+31.0
94.3
-3.4
90.3
-11.7
184.2
-3.1
129.9
-0.2
Jan
90.5
+2.3
97.7
+0.6
73.4
-2.9
111.9
+28.9
85.1
-4.7
90.4
-15.2
61.9
-3.3
86.1
+4.0
Feb
88.0
+5.3
91.4
+2.8
78.0
+2.2
112.8
+25.5
92.6 +11.2
94.0
-8.2
57.4
+1.3
84.3
+4.1
Mar
98.4
+3.6
101.6
+3.4
91.5
+4.9
106.1
+8.2
100.8
+3.8
117.0
+8.3
78.5
-4.3
95.3
+5.2
Apr
97.5
+0.4
98.2
+1.9
93.8
+3.2
116.4
-2.3
94.5
-0.4
112.3
+12.8
83.0
-3.3
94.8
-1.7
May
101.9
-3.0
101.5
-3.8
106.0
-5.6
101.3
+14.5
104.9
+2.3
115.3
-1.9
99.6
-6.1
99.2
-7.8
2016
(1) Index numbers are subject to revisions
(R ) represents revised
(2) Includes household supplies but excludes alcoholic beverages
*The yearly series reflect annual changes.
(3) Does not include sales to bars, clubs, hotels and restaurants
Page 3
EXPLANATORY NOTES
The Retail Sales Index (RSI) was first developed in
1982. It is a key economic indicator used to assess
the current performance of sales activity in the
retail sector of the economy.
The RSI is a self-weighting index. This means that
stores reporting a large value of sales have a greater
impact on the movement of the index than stores
reporting a low level of sales activity.
The RSI serves to:
1)
measure monthly and annual movements of
retail sales
2)
provide an estimated gross turnover of sales in
the local retail sector
3)
act as a barometer of change in the level of
demand for both the domestic and tourist
markets
The index is structured into seven broad sectors:
Food Stores
Liquor Stores
Motor Vehicle Dealers
Service Stations
Building Materials
Apparel Stores
All Other Store Types
Total retail stores across the seven sectors represent
roughly 70% of all retail activity on the Island. The base
period 2015 recorded a gross turnover in retail sales of
$1.1 billion.
Retail outlets that participate in the retail sales survey
and trade in similar types of goods are grouped into
these seven sectors. It is important to note that sector
classifications are not interchangeable with commodity
classifications. This is because most retail outlets
sell several kinds of commodities. The sector classification reflects generally the individual commodity or
the commodity group, which is the primary source of
the establishments receipts, or some mixture
of
commodities, which characterizes the establishments
business.
CONCEPTS AND DEFINITIONS
Retail Trade
Retail trade is the sector of the economy that
includes establishments that are engaged in the sale of
merchandise for personal or household consumption
Page 4
and in the rendering of services that are incidental

to the sale of the merchandise.
Retail Establishment
A retail establishment is one that operates at a fixed
place of business and is engaged in sales activities to
attract the general public to buy merchandise.
Value Sales
The dollar value of a quantity of goods and services
sold for cash or credit. Sales include the amounts
received from customers for: immediate and layaway
purchases; rentals; installations; maintenance; repairs
and alterations.
Gross Sales
Gross sales are sales for which no deductions have
been made for the return of merchandise,
allowances and discounts.
Volume Sales
The dollar value of a quantity of goods and services
sold at current retail market prices adjusted to
eliminate the effect of price change.
Estimated Gross Turnover
Estimated gross turnover is the total value of retail
sales generated in the retail sector. It is calculated by
applying the all-items index number for the current
month to the average monthly sales figure determined
in the base year.
Base Period
This is the time period used as a reference point for
measuring the shift in the value of retail sales. The
base period for the Bermuda RSI is 2015.
Overseas Purchases
Overseas purchases reflect the value of goods declared
by residents through HM Customs while travelling on
vacation or business trips.
Published by the Government of Bermuda
July 2016
The Cabinet Office
Department of Statistics
Cedar Park Centre,
48 Cedar Avenue, Hamilton HM 11, Bermuda
P.O. Box HM 3015
Hamilton HM MX, Bermuda
Tel: (441) 297-7761, Fax: (441) 295-8390
E-mail: statistics@gov.bm
Website: www.gov.bm/department/statistics

May 2016 Retail Sales Publication

Caricato da

Informazioni sul documento

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

May 2016 Retail Sales Publication

Caricato da

Copyright:

Formati disponibili

RETAIL SALES INDEX

RETAIL SALES FELL 1.4 PER CENT

valued at $5.4 million, which was 3.6 per cent

Value ($M) % Change

BERMUDA RETAIL SALES INDEX MAY 2016

0.6 per cent increase in the cost of fuel.

Sales revenue for apparel stores contracted 7.3

Building Material Stores

All Other Store Types

Resident Purchases Overseas

Receipts from food sales weakened 1.5 per cent

BERMUDA RETAIL SALES INDEX MAY 2016

(1) Index numbers are subject to revisions

(2) Includes household supplies but excludes alcoholic beverages

*The yearly series reflect annual changes.

BERMUDA RETAIL SALES INDEX MAY 2016

and in the rendering of services that are incidental

Potrebbero piacerti anche